Wealth Product Manager(Bancassurance)

BANK OF CHINA LIMITED; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading financial institution located in Singapore is looking for a professional skilled in market analysis and product development. The role requires a Bachelor’s degree and fluency in English and Chinese to support diverse client segments. Responsibilities include evaluating market trends, conducting strategic data analysis, and managing product initiatives. The ideal candidate should possess strong leadership and risk management skills, and be a team player all while developing innovative insurance solutions.

Qualifications

• Good knowledge of insurance product distribution strategies in various client segments.
• Professional proficiency in both English and Chinese.

Responsibilities

• Evaluate insurance market trends and recommend product opportunities.
• Conduct data analysis to develop product proposals and determine strategic direction.
• Contribute to achieving department targets in financial performance.
• Develop and present business cases for new products.
• Manage insurance distribution partnerships and prepare training materials.

Skills

Leadership

Data Analysis

Market Analysis

Risk Management

Strategy

Product Management

General Insurance

Team Player

Product Development

Business Development

Education

Bachelor degree from well-known university

Job description

Job Responsibilities

• Market Analysis & Product Development: Evaluate insurance market trends, regulatory changes, and competitor activities to identify and recommend product opportunities, including new product ideas, and changes to existing campaigns or strategies.
• Data Analysis & Strategy: Conduct data analysis to identify trends, develop product proposals, determine strategic direction, and establish competitive incentive structures.
• Financial Performance & Risk Management: Contribute to achieve department targets - financial and revenue performance goals, expense management, and appropriately assess and manage risk in business decisions.
• Business Case Development & Leadership: Develop and present business cases for onboarding new or updated products, lead product initiatives, and support the business as a subject matter expert.
• Communication & Training: Manage insurance distribution partnerships, prepare and participate in relevant business events, and develop/deliver presentations and training materials to internal and external audiences.
• Product Management Support & Communication: Lead product management cycle by working with internal control functions, and communicate product information to internal stakeholders.

Requirement

• Qualifications, Skills, and Experience: Good knowledge of insurance product distribution strategies in various client segments (e.g., Retail, Priority, HNW).
• Bachelor degree from well known university.
• Professional working in both English and Chinese so as to provide good service support for Chinese speaking customers and communicate with Head office.

Skills & Additional Information

• Leadership
• Able To Multitask
• Data Analysis
• Market Analysis
• Risk Management
• Strategy
• Product Management
• General Insurance
• Team Player
• Product Development
• Health Insurance
• Business Development